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OK, here are some answers:
"SPV" is not a type of entity, it IS a ltd company with a specific purpose (SPV means "special purpose vehicle"), i.e. you set up a ltd co but instead of running different business within it, you use it to hold and rent out property.
That is, the SPV is a Ltd co that you use for only a single "purpose" (i.e. holding properties, etc). You don't even have to call it that - just remember that you should not be doing other business in that company.
If you have, say, a corner shop and a lettings agency, each of those can be in a separate entity - or you can do it all in the same company. If you chose to, you could also buy your buy to let property in that company - but lenders will be less likely to lend to you than if you bought the property in a separate company (because the lender can assess the risk on the property and its performance as a rent-generating asset, but it's much harder to know whether your corner shop is selling rotten food and will soon be facing a big food poisoning claim that also wipes out your property's rental profits). So in that situation, you create a completely separate, new ltd co (call this the SPV if you want) which only holds property. This limits the lender's risk and they are happy to lend money to the new ltd co.
It is completely separate, and will have its own co number, its own bank accounts, needs its own tax returns and companies house filings, etc.
ps - There is nothing stopping your corner shop co lending money to your property co, though. This can be an efficient way of moving money around, but you need to be careful about not losing the "trading company" status for the corner shop (more than +/- 10% of its assets in an "investment"), as this affects its tax treatment (e.g. you could find you lose entrepreneur's relief if you were to wind it up, and there are some consequences for IHT allowances too). Get professional advice...
Many thanks. So the summery if I have understood correctly; in your opinion I can open ABC LTD as a parent company and have as many (as required) separate SPV/ LTD
but owned by ABC LTD but what % can ABC LTD (as parent company) have with other SPV/ LTD?
ABC LTD and SPV LTD will be two separate companies totally. Two different entities altogether. They will not be linked to one another apart from having the same director/shareholders if you choose to do so...
SPV LTD can be used to own one or more Buy to Let Properties , a minority of investors choose to create separate SPV’s for each acquisition. but I don't understand the logic behind that.
Also as I understand it, SPV LTD must not be linked to any other corporate entity as there is the possibility of any liability being cross charged against the other company and hence make it potentially vulnerable but again best to get tax advise from someone qualified and this is my next step...